JPMorgan Chase & Co. set a €19.00 ($22.09) target price on Salzgitter (ETR:SZG) in a research note released on Friday morning, Borsen Zeitung reports. The brokerage currently has a sell rating on the stock.
Several other research analysts have also recently weighed in on SZG. Nord/LB reaffirmed a neutral rating on shares of Bayerische Motoren Werke in a report on Tuesday, June 4th. Morgan Stanley set a €125.00 ($145.35) price target on shares of Siemens and gave the stock a buy rating in a report on Tuesday, June 25th. Goldman Sachs Group started coverage on shares of Taylor Wimpey in a report on Wednesday, June 12th. They issued a buy rating on the stock. Macquarie started coverage on shares of Anaplan in a report on Monday, July 15th. They issued an outperform rating and a $65.00 price target on the stock. Finally, Independent Research set a €27.00 ($31.40) price target on shares of Salzgitter and gave the stock a neutral rating in a report on Friday, June 14th. Five research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the stock. Salzgitter currently has a consensus rating of Hold and a consensus price target of €29.44 ($34.23).
Salzgitter stock opened at €19.67 ($22.87) on Friday. The company has a market capitalization of $1.06 billion and a PE ratio of 3.69. Salzgitter has a fifty-two week low of €19.13 ($22.24) and a fifty-two week high of €44.00 ($51.16). The stock has a fifty day moving average price of €23.16. The company has a current ratio of 2.06, a quick ratio of 1.08 and a debt-to-equity ratio of 24.23.
Salzgitter Aktiengesellschaft, together with its subsidiaries, engages in steel and technology businesses worldwide. It operates through five segments: Strip Steel, Plate/Section Steel, Mannesmann, Trading, and Technology. The Strip Steel segment manufactures branded and special steels, such as hot-rolled strip steel and steel sheets, sections, tailored blanks, and components for the construction industry.
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